Monday, November 25, 2024

Dollar on the offensive again

Data from Poland did not impress, but no one expected miracles in the construction market after the expiration of government support. Noteworthy is the dollar, which once again decided...

PMI indicates weakening of the economy and euro

The condition of the European economy is not good. This is confirmed by the...

BCC: Consumer Sentiment Continues to Decline

In November 2024, the Consumer Confidence Index (BWUK) dropped by 1.3 percentage points month-on-month,...

October Inflation in Poland at 4.1%: What It Means for Future Rate Decisions

We have received the final October reading of Polish inflation today. It stands at...

ECB Decision: Rates Down, But Significant Cuts Awaited Until 2025

The European Central Bank (ECB) has lowered interest rates by 0.25 percentage points to 4.25 percent. This decision aligns with market expectations, which have...

Local governments are counting on governmental changes in the financing system. Ministerial solutions are also needed in the areas of education and healthcare

The Ministry of Finance plans to introduce changes in the funding of local governments. Local government revenues would be based on the local tax...

In Poland: Monetary Policy Council Expected to Keep Interest Rates Unchanged at 5.75% Today

Today, we will learn the latest decision of the Monetary Policy Council regarding interest rates. The market consensus suggests that, as in previous meetings,...

Polish Industry Shows No Signs of Improvement

In May of this year, the PMI for the manufacturing sector in Poland dropped to 45 points from 45.9 points recorded in April, according...

Consumption and Foreign Trade Drive GDP Growth in Poland

Gross domestic product (GDP) in Poland, unadjusted for seasonal variations, increased by 2% year-on-year in Q1 2024, compared to a decline of 0.4% in...

ECB Will Cut Rates, But What’s Next?

Next week, the ECB is likely to cut interest rates by 25 basis points, despite recent weaker inflation data and stronger negotiated wage growth....

Inflation Rose Slightly in May, Larger Increases Yet to Come

According to preliminary data published by the Central Statistical Office (GUS), inflation in May was 2.5% year-over-year. This is an increase of only 0.1...

May PMI Readings from Germany Confirm the Acceleration of the Service Sector

In Germany, the CPI inflation rate in May was 2.4% year-over-year compared to 2.2% in the previous month. This reading was in line with...

Experts Predict GDP Growth for Poland in 2024

Experts forecast an increase in Poland's GDP in 2024. A factor that will negatively impact GDP for most of the year is trade exchange....

AI Revolution: Poland Stands to Gain $90 Billion Annually

EY's analysis indicates that the rapid spread of artificial intelligence will lead to increased economic activity over the next three to five years. Capital...

Mixed Economic Data from Poland and Positive PMI Surprises in the Eurozone and the USA

- This week brought somewhat mixed data from the Polish economy. Industry surged by 7.9% year-on-year in April, following a revised decline of -5.6%...

Eurozone Manufacturing PMI for May Rises to 47.4, Indicating Signs of Recovery

The Manufacturing PMI for the eurozone in May was 47.4, compared to 45.7 points the previous month. The reading was better than the forecast...

Strong Wage Growth Continues to Drive Economic Growth in Poland

The average wage in the enterprise sector in April 2024 increased by 11.3% year-on-year. This reading was lower than the forecasts (12.1%) and lower...

Central Eastern Europe: Inflation is back on the rise

The disinflationary trend in Central Eastern Europe (CEE) has come to an end. Allianz Trade expects inflation to pick up again and exceed...

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